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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Hufnagle who wrote (2684)	4/7/1999 7:14:00 AM
From: Hiram Walker	Respond to of 4134

Steve et all, pretty big news,I wonder if this had anything to do with the rally. Sumitomo(our partner),ATHM and the leading cable provider Jupiter communications join forces.We are gonna sell alot through Japan. @Home moves into Japan By Corey Grice Staff Writer, CNET News.com April 6, 1999, 8:30 p.m. PT @Home Network is hoping to export the success of its domestic high-speed Internet service to Japan. @Home, the leading cable modem service, will announce tomorrow that it has formed a joint venture with the Asian nation's largest cable operator to bring @Home Japan to as many as 5.1 million homes, or nearly one-third of the Japanese cable television market. The service, which uses broadband cable television networks to deliver Internet and data traffic at high speeds, is expected to launch commercially within about nine months--during the first quarter of 2000--although trials will begin soon, executives said. @Home Japan is expected to cost consumers about 6,000 yen, or roughly $50, per month, according to John O'Farrell, @Home's international senior vice president. The new online unit gives @Home a foothold in the second-largest Internet market in the world and continues the company's international expansion. @Home now has 21 cable affiliates in four countries including the United States, Canada, the Netherlands, and Japan. Under the terms of the agreement, @Home will own a 43 percent stake in the Japanese venture, Jupiter Telecommunications (Japan's No. 1 cable TV company) will hold 36 percent, while financial services giant Sumitomo will claim 21 percent ownership. Sumitomo owns about 40 percent of Jupiter, which is also known as J-COM. SUMITOMO TO DISTRIBUTE HARMONIC LIGHTWAVES PRODUCTS IN JAPAN DENVER – June 10, 1998 – Today at the Cable-Tec Expo ‘98, Harmonic Lightwaves, Inc. (Nasdaq: HLIT) announced that it has signed a distribution agreement with Sumitomo Electric Industries, Ltd. (SEI) that allows SEI to resell Harmonic's MAXLinkTM line of 1550 nm laser transmitters and optical amplifiers in Japan. Adding Harmonic's 1550 nm products to its own product line allows SEI to better meet Japanese operators' needs. Also as part of this agreement, Harmonic and SEI will collaborate when appropriate in the development of customized products to meet the requirements of the Japanese market and individual customers. "We believe that Harmonic Lightwaves is an excellent manufacturer of cable TV-related products, such as fiber optic transmission equipment, and we are confident that we can develop a new market by integrating SEI's products with Harmonic's products," said Nobuyuki Nakano, director and general manager, Information and Network Systems Division, SEI. "Working with an industry leader such as Sumitomo enables us both to provide better service to Japanese cable operators. This also allows us to respond to the recent changes in Japanese cable television regulations that are expected to increase demand for fiber optic transmission equipment," said Kirk Flatow, Harmonic's vice president of International Sales. We are moving into Japan boys,all of us. Hiram